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eGain Announces Proposed Secondary Public Offering of Common Stock

SUNNYVALE, CA--(Marketwire - Feb 12, 2013) - eGain Corporation (NASDAQ: EGAN), a leading provider of cloud customer engagement solutions, today announced that certain of its stockholders are offering to sell shares of eGain's common stock in an underwritten public offering. eGain will not receive any of the proceeds from the offering of its common stock by the selling stockholders. Needham & Company, LLC is acting as the sole book-running manager of the offering. The offering is expected to price on or about February 13, 2013.

The shares described above are being offered by the selling stockholders pursuant to a registration statement (including a prospectus) previously filed with and subsequently declared effective by the Securities and Exchange Commission ("SEC"). A prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Before you invest, you should read the prospectus included in the registration statement, the prospectus supplement and the other documents eGain has filed or will file with the SEC for more complete information about eGain and its common stock. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the final prospectus supplement, when available, and accompanying base prospectus relating to this offering may be obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, 800-903-3268.

About eGaineGain is a leading provider of cloud customer engagement solutions. Trusted by leading brands, eGain solutions help design and deliver smart, connected customer journeys across social, mobile, web, and contact centers. Headquartered in Sunnyvale, California, eGain has operating presence in North America, EMEA, and APAC.

Note: eGain is a registered trademark, and the other eGain product and service names appearing in this release are trademarks or service marks, of eGain. All other trademarks or registered trademarks are the property of their respective holders.

Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed public offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the satisfaction of the conditions to closing of the offering, market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in eGain's filings with the Securities and Exchange Commission, including eGain's Quarterly Report on Form 10-Q for the quarter ended December 31, 2012. eGain assumes no obligation to update any forward-looking statements.